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Sunday, July 25, 2010

CEO Tony Hayward expected to step down from BP



The Times reports that the embattled BP CEO has agreed to step down and be replaced by Robert Dudley, the company’s most senior American executive who is now in charge of BP’s operations in the Gulf of Mexico. The decision might be announced publicly this Tuesday, and will likely go into effect this fall. Looks like he'll get his life back, after all
Source:nymag.com/daily